unexpected behavior of sell stop

As you can by the attached chart, I set a sell stop for the EURUSD at 1.3080, the candle pointed to by the mouse cursor shows a low of 1.3081 which is 1 pip above my trigger price however the sell order was triggered.

Has anyone experience something like this before? this happened to me a couple times already. I'm using North Finance demo account.

Thanks.

sometimes the spread changes over the course of a day. This is especially true of periods involving news.

It's possible that though the candle indicates 1.3080 the spread widened and stopped you out without that widening being shown on the chart.

This is a bit of a bum deal but it is best to be wary of pip spreads around news times.

Which is it that you were executing? Was it a buy stop as in your title or a sell stop as in the body of the text? And if it was a buy stop, it had to actually be a buy limit.

If indeed it was a buy limit, it executed correctly.

smjones, the title is wrong, I mean a sell stop.

Gmak, it's not a stop loss problem it's a sell stop problem. This sell stop was executed well after news time so there shouldn't have been any slippage.
Once the price went up a bit I entered the same sell stop at the same position to test it again and when the price came down it executed the sell stop at the correct value unlike the first time.


not sure why this is happening. Could it be a requote? normally I see a message telling me of a requote but I didn't see one here.

To be frank, you are going to have to talk to your broker and see what kind of excuse they offer. Most charting platfroms show the bid price so it's a little more difficult to get one over you when taking a short position since you would be selling at the bid. My guess is that they will tell you that the chart does not replect the lowest printed price during the time in question.

In this case you really need to know if you're charting the bid or the ask price. Believe it or not, some charts are even an average of the bid and the ask. When it comes to order execution, you have to know every detail to the pip.

thanks for the help guys. I sent an e-mail to my broker but haven't heard back yet.